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ICIS Course Preview – Advanced purchasing skills webinar

14 April 2014

ICIS Training and James Ray, Senior Consultant for Polymers at ICIS will be hosting a pre-recorded webinar to provide some insight into best practices for purchasing that will be further examined in the Advanced Purchasing Course in Houston on the 29th April.

In this pre-recorded webinar, James will touch on the following points to help you get the most from Advanced Purchasing:

Proper resource allocation – to help you best manage your largest cost driver

Value chains - to understand what influences your prices

Opportunity analysis - to objectively prioritize your resources

Benchmarking prices over time - to help you acquire and maintain the best price

Optimizing volume pricing - to achieve the lowest total cost

Performance Metrics - to track and understand performance and drive the best decisions by employees

If you would like to find out more about our upcoming course – Advanced Purchasing Skills: Petrochemicals, Derivatives & Related Raw Materials please visit our website.

About the speaker

James Ray brings a unique blend of technical, managerial and analytical experience to his consulting role at ICIS.

He has business advisory experience in the areas of benchmarking, operation cost modelling and activity based costing systems, planning, scheduling and project management, risk assessment, supply and demand analysisand price forecasting.

ICIS Training and James Ray, Senior Consultant for Polymers at ICIS will be hosting a pre-recorded webinar to provide some insight into best practices for purchasing that will be further examined in the Advanced Purchasing Course

Prior to working for ICIS, James worked for private industry (primarily Capital Management) in manufacturing, converting & recycling polymers for blow moulding, extrusion and injection moulding as well as textiles. His focus was on improving profitability by working smarter and employing strategies for reducing raw material costs using market intelligence and benchmarking, establishing raw material contracts and aligning with commercial contracts, eliminating waste via Lean Manufacturing and implementing process improvements using Six Sigma Methodology.

James holds a degree in computer science from the University of Texas.

ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.

With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. Some 350 of ICIS’s staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.

Reed Business Information provides information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of RELX Group plc, a world-leading provider of information solutions for professional customers across industries.

About RELX Group

RELX Group plc is a world-leading provider of information solutions for professional customers across industries.

We help scientists make new discoveries, lawyers win cases, doctors save lives, and executives forge commercial relationships with their clients. We help insurance groups offer customers lower prices by assessing risk better, and save taxpayers and consumers money by enabling governments and financial groups to detect fraud.